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Counterparty Credit Risk Analyst Jobs in Illinois

INEOS Styrolution

Senior Credit Analyst

Naperville, IL · On-site

We are seeking a Senior Credit Risk Analyst to play a central role in managing customer credit risk within a dynamic, international business environment. This is a hands-on role with meaningful ...

Fifth Third

Credit Risk Officer II

Chicago, IL · On-site

Monitors credit quality through forward looking analysis as well as reviewing system-generated reports. Responsible and accountable for credit risk management and constructive, credible challenge by ...

Benda Infotech

Credit Analyst

Chicago, IL · On-site

$75K - $90K/yr

The Credit Analyst will work closely with lending, risk, and business teams to ensure accurate ... credit assessments while maintaining compliance with the Bank's credit policies and regulatory ...

Composites One

Senior Credit Analyst

Schaumburg, IL · On-site

$80K - $100K/hr

Evaluate credit risk for new and existing customers using financial statements, D&B, trade ... Analyze financials and behavioral data to reduce exposure and minimize bad debt * Review and ...

Composites One

Senior Credit Analyst

Schaumburg, IL · On-site

$80K - $100K/yr

Evaluate credit risk for new and existing customers using financial statements, D&B, trade ... Analyze financials and behavioral data to reduce exposure and minimize bad debt * Review and ...

Wintrust Financial

VP, Credit Risk Oversight

Rosemont, IL · On-site

$117K - $150K/yr

Strong credit analytical skills and credit process knowledge. * Knowledge of the banking industry and regulatory guidelines as they relate to credit review and credit risk management practices.

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Showing results 21-40

All JobsCounterparty Credit Risk Analyst JobsCounterparty Credit Risk Analyst Jobs in Illinois

Counterparty Credit Risk Analyst information

See Illinois salary details

$35.9K

$110.4K

$191.4K

How much do counterparty credit risk analyst jobs pay per year?

As of Aug 6, 2026, the average yearly pay for counterparty credit risk analyst in Illinois is $110,353.00, according to ZipRecruiter salary data. Most workers in this role earn between $79,900.00 and $136,100.00 per year, depending on experience, location, and employer.

What is the difference between Counterparty Credit Risk Analyst vs Credit Risk Analyst?

AspectCounterparty Credit Risk AnalystCredit Risk Analyst
CredentialsTypically requires a degree in finance, economics, or related field; certifications like CFA or FRM are commonSimilar credentials; CFA or FRM preferred
Work EnvironmentFinancial institutions, investment banks, trading desksBanks, asset management firms, credit agencies
Industry UsageFocuses on assessing risks from specific counterparties in trading and derivativesBroader credit risk assessment across various portfolios

The main difference is that a Counterparty Credit Risk Analyst specializes in evaluating risks associated with specific counterparties, especially in trading and derivatives, while a Credit Risk Analyst assesses overall creditworthiness across multiple portfolios. Both roles require similar qualifications and are found in similar financial environments, but their focus areas differ.

How does a counterparty credit risk analyst typically interact with other teams within a financial institution?

Counterparty Credit Risk Analysts collaborate closely with teams such as trading, risk management, legal, and operations. They frequently consult with traders to understand transaction details and assess exposure, while also working with legal teams to review contracts and ensure adequate risk mitigations are in place. Regular communication with risk management colleagues helps ensure consistent risk assessment standards, and interactions with operations support accurate data flow and timely reporting. This cross-functional teamwork is essential for comprehensive risk evaluation and effective decision-making.

What is a counterparty credit risk analyst?

A Counterparty Credit Risk Analyst is a finance professional who evaluates and manages the risk that a counterparty (such as a bank, corporation, or trading partner) may default on financial obligations. They analyze creditworthiness, monitor exposures, and recommend risk mitigation strategies to protect their organization from potential losses. Their work is critical in areas like trading, lending, and derivatives, helping financial institutions make informed decisions and comply with regulatory requirements.

What are the key skills and qualifications needed to thrive as a counterparty credit risk analyst?

A Counterparty Credit Risk Analyst requires strong analytical skills, a background in finance or economics, and proficiency in risk assessment methodologies, often supported by a relevant degree or certifications such as CFA or FRM. Familiarity with risk management systems, financial modeling tools like Excel or Python, and industry databases is crucial. Attention to detail, effective communication, and problem-solving abilities help analysts interpret data and collaborate with stakeholders. These competencies are vital for accurately assessing credit exposures, minimizing losses, and supporting informed decision-making in financial institutions.
What are popular job titles related to Counterparty Credit Risk Analyst jobs in Illinois? For Counterparty Credit Risk Analyst jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Counterparty Credit Risk Analyst jobs in Illinois look for? The top searched job categories for Counterparty Credit Risk Analyst jobs in Illinois are:
Counterparty Credit Risk Analyst jobs near you
Infographic showing various Counterparty Credit Risk Analyst job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 88% Full Time, 8% Part Time, and 3% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $110,353 per year, or $53.1 per hour.

Sr. Risk Analyst, Credit

Federal Home Loan Bank of Chicago

Chicago, IL • On-site

$110K - $115K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted yesterday

Job description

At the Federal Home Loan Bank of Chicago, employees come first - that's why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.
  • Collaborative, in-office operating model

  • Retirement program (401k and Pension)

  • Medical, dental and vision insurance

  • Lifestyle Spending Account

  • Competitive PTO plan

  • 11 paid holidays per year

Responsibilities
  • Operate and maintain credit risk models for mortgage loan portfolios
  • Lead the development and implementation of alternative credit risk strategies
  • Build algorithmic solutions and design strategies for model assumption setting and performance monitoring
  • Conduct scenario analysis and stress testing to assess portfolio risks under macroeconomic and climate risk scenarios
  • Research risk management frameworks to assess environmental and regulatory risk drivers on mortgage portfolios in accordance with regulatory requirements and industry best practices and report to senior management
  • Perform credit reviews for member institutions based on financial performance and credit worthiness
  • Collaborate with validators, auditors and regulators to improve model accuracy and ensure regulatory compliance
  • Optimize business processes through the use of data management and programing tools
  • Research, diagnoses and identify solutions to issues on data anomalies and portfolio performance and create dashboards for senior management and risk committees
  • Support business on MPF product design with business analytics

Position Requirements
  • Master's degree in Mathematics, Finance, Quantitative Finance or related field and 2 years of related experience, or, a Bachelor's degree in Mathematics, Finance, Quantitative Finance or related field and 4 years of related experience
  • Any amount of experience operating and maintaining credit risk models for mortgage loan portfolios
  • Any amount of experience building algorithmic solutions and design strategies for model assumption setting and performance monitoring
  • Any amount of experience conducting scenario analysis and stress testing to assess portfolio risks under macroeconomic and climate risk scenarios
  • Any amount of experience conducting business analysis using statistics methodology and tools of aggregated data from databases via SQL

Must live within normal commuting distance of worksite. Remote work allowed up to 50 days per year.
Salary range $110,150 to $115,000
Salary Range:
$90,400.00 - $150,700.00
The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc

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